{"data":{"id":"us-pa/12-pa.c.s.-2311","jurisdiction":"us-pa","citation":"12 Pa.C.S. § 2311","heading":"Reporting and inspection.","body":"(a) Inspection.--An applicant or a recipient shall, upon request, permit authorized employees of the authority or its agent to inspect the plant, books and records of the applicant or recipient.\n(b) Updating.--An applicant or a recipient shall provide updated information to the authority and its agents if conditions change or to the extent that the information originally given becomes inaccurate or misleading.\n(c) Periodic reports.--A recipient shall provide the authority and its agents with such periodic financial reports as the authority may require until the loan is repaid in full.\n(d) Financial and performance audits.--An agent of the authority shall annually submit to the authority, at the agent's expense, an independent financial audit. If the audit reveals misconduct of a material nature on the part of the agent, the authority shall take appropriate action.","path":["Title 12 - COMMERCE AND TRADE","PART III ECONOMIC DEVELOPMENT PROGRAMS","CHAPTER 23 SMALL BUSINESS FIRST"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=12\u0026div=0\u0026chpt=23\u0026sctn=11\u0026subsctn=0","current_through":"2026-08-31 (Statute Update stamp, 12 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:30:58Z","sha256":"a994961903b4157d3041cff52c75fb95dba380248210180229321b50bf52a433","source_id":"us-pa","stale":false,"prev":"us-pa/12-pa.c.s.-2310.1","next":"us-pa/12-pa.c.s.-2312"},"notice":"GroundRules: Original legal text. Not legal advice."}